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Dec. 9, 2005 / 11:59 AM

Dave & Busters to sell for $375 million

DALLAS, Dec. 9 (UPI) -- A New York private equity group plans to buy Dave & Buster's Inc. restaurant chain for about $375 million.

The definitive agreement with Wellspring Capital Management LLC, which has yet to be approved by Dave & Buster's shareholders, is expected to close in the second quarter of next year, a spokesman for the Dallas-based chain said.

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Piper Jaffray & Co. is acting as exclusive financial adviser to Dave & Buster's in connection with the merger transaction and has rendered a fairness opinion to the Dave & Buster's board.

J.P. Morgan Securities Inc. is acting as exclusive financial adviser to Wellspring Capital and as sole lead arranger for the financing.

Austin visits Ukraine, voices U.S. support against Russian aggression

Defense News // 2 years ago

Austin visits Ukraine, voices U.S. support against Russian aggression

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Pentagon orders all civilian employees to be fully vaccinated by Nov. 22

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Army investigating suspected suicides of three Fort Drum soldiers

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Four Marines remain hospitalized month after suicide bombing at Afghan airport

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South Korean firm to supply rapid COVID-19 test kits to U.S. military

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Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding

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U.S. Navy, Bahrain partner to ramp up unmanned systems use

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U.S. Space Force to take over SATCOM operations from Army, Navy

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